Digital Optics Co., Ltd. (KOSDAQ:A106520) agreed to acquire 50% stake in Future Robot Co Limited from Sekyung Song, NK General Trading Company and Korea Science And Technology Holdings for KRW 10.5 billion on August 10, 2017. As per terms, 1.34 million existing shares and 0.32 new shares in Future Robot Co Limited will be acquired. On August 10, 2017, the consideration of 1.18 million existing shares will be paid by the issuance of convertible bonds of KRW 7.45 billion, on August 15, 2017, the consideration of KRW 500 million for 0.08 million new shares will be paid in cash and on September 30, 2017, consideration of KRW 1.5 billion for 0.24 million new shares and KRW 1 billion for 0.16 million existing shares will be paid in cash. Sekyung Song, NK General Trading Company, Korea Science And Technology Holdings will respectively transfer 0.5 million, 0.26 million and 0.42 million shares and will receive the convertible bonds. Post completion of the acquisition of new and existing shares, For the year ended December 31, 2016, Future Robot Co Limited reported total assets of KRW 4.1 billion, net assets of KRW 832 million, sales of KRW 1.04 billion and net loss of KRW 409 million. The Board of Directors of Digital Optics Co., Ltd. resolved the transaction on August 10, 2017. The deal is expected to close on September 30, 2017. Digital Optics Co., Ltd. (KOSDAQ:A106520) cancelled the acquisition of 50% stake in Future Robot Co Limited from Sekyung Song, NK General Trading Company and Korea Science And Technology Holdings on August 10, 2018.